Energy Markets
Vistra reports quarterly profit as AI boom fuels power demand
Vistra Corp, a power producer, reported a fourth-quarter profit, reversing the loss of a previous year, after strong electricity demand for AI-server infrastructure drove its shares up 7.3% in premarket trading to $159 Utilities are experiencing a surge in demand for electricity as Big Tech invests billions of dollars in AI technologies and infrastructure required to develop them. This surge in demand has benefited nuclear power utilities the most. Vistra shares rose nearly 258% between 2024 and 2026, compared with a 19.6% increase in the S&P500 utilities sector during the same period. The company's core adjusted profit for continuing operations...